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Tagged with: duplex
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Brian G
3 months ago
I owner occupy a Duplex that I purchased using my VA Loan. I'd like to now use an FHA Loan to buy a Triplex. Based on what I am charging my tenant I am extremely confident that I will be able to get that same amount as rent from another tenant when I move out of that unit. Problem is a "well meaning friend" has told me that I can't count the potential rental income of that unit unless I purchase a triplex that's at least 100 miles away!

I can see if i already had an FHA Loan and I was trying to get another FHA loan on top of that where this restriction would come in, but I don't have an FHA Loan?

Can anyone verify this, perhaps with a link?
I owner occupy a Duplex that I purchased using my VA Loan. I'd like to now use an FHA Loan to buy a Triplex. Based on what I am charging my tenant I am extremely confident that I will be able to get that same amount as rent from another tenant... (more)
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A Curious User
a year ago
I purchased 1/2 of a duplex with another person purchasing the other 1/2. We formed a Condo association so that we would ensure having a shared insurance policy on the structure but nothing else. We don't pay any monthly association fees etc. Please advise as I'm trying to refinance and the agency I'm working with says my home is not FHA approved.
I purchased 1/2 of a duplex with another person purchasing the other 1/2. We formed a Condo association so that we would ensure having a shared insurance policy on the structure but nothing else. We don't pay any monthly association fees etc.... (more)
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